Rising infrastructure development and rising demand for sustainability are driving the growth in Global Autoclaved Aerated Concrete Market in the forecast period, 2023-2027.
According to TechSci Research report, “Autoclaved Aerated Concrete Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027”, the global autoclaved aerated concrete market stood at USD9.85 billion in 2021 and is anticipated to grow with a CAGR of 7.25% in the forecast period, 2023-2027. The flourishing construction sector, high demand for lightweight construction material, and growing focus on the construction of green buildings are expected to drive the demand for the global autoclaved aerated concrete market through the forecast period.
The automated aerated concrete offers several advantages over traditional ash bricks, including higher energy efficiency, ease of application, and thermal insulation, which has increased their demand for commercial and residential construction. Developed countries are using autoclaved aerated concrete materials for construction and infrastructure development. Autoclaved aerated concrete makes the building sustainable and energy efficient. Market players are making investments in the construction of advanced facilities and technologies to boost productivity and develop advanced materials with higher decarbonization properties.
However, the high manufacturing cost of autoclaved aerated concrete over traditional construction material and lack of awareness may restrain the market growth for the next five years.
The global autoclaved aerated concrete market is segmented into product type, end user, application, region, and by company.
Based on product type, the market is fragmented into block, lintel, floor elements, roof panel, wall panel, cladding panel, and others. Block products hold the largest market share by covering 43.18% market share in 2021. The high demand for autoclaved aerated concrete from residential and non-residential buildings offers numerous advantages, including increased insulating capabilities and easier installation than traditional construction materials.
Based on the end user, the market is divided into residential, commercial, industrial, and infrastructure. The residential segment dominated the market in 2021, with a share of 36.46%, and is anticipated to grow at a CAGR of 6.98% in the forecast period. The rise in demand for lightweight and energy-efficient building materials for building construction is expected to accelerate the market growth in the forecast period. Buildings account for a significant share to contribute to the growing pollution levels, which is the major reason leading authorities are promoting the construction of green buildings.
Browse over 115 market data Figures spread through 180 Pages and an in-depth TOC on "Global Autoclaved Aerated Concrete Market"
On the basis of regional analysis, Europe accounted for the largest market share of 33.63% in the global autoclaved aerated concrete market due to the presence of leading companies and manufacturing units in the region. People are aware of the benefits of using energy-efficient construction materials and are using them extensively to construct their houses. Ongoing Urban Transformation Campaign in the region is expected to play a significant role in accelerating the demand for autoclaved aerated concrete market through the next five years.
The leading companies operating in the global autoclaved aerated concrete market are :
- Biltech Building Elements Limited
- Xella International GmbH
- CSR Limited
- UAL Industries Limited
- H+H International A/S
- JK Lakshmi Cement Ltd.
- Mannok Holdings
- Aercon AAC
- Buildmate Projects Pvt Ltd.
- Eastland Building Materials Co., Ltd
- Bauroc AS
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“The rise in efforts taken by leading authorities to lower carbon emissions and the launch of various initiatives such as the initiative by the World Green Building Council to achieve net-zero carbon commitment by 2030 from building and construction activities in the urban cities are expected to surge the demand for sustainable construction materials like AAC. Construction of smart buildings by using internet of things (IoT) technology and other advanced materials and techniques to upgrade the existing building infrastructure and transform it into a green building is expected to propel the global autoclaved aerated concrete market growth through 2027”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Global Autoclaved Aerated Concrete Market was valued at USD9.85 billion in 2021 and is anticipated to project a robust growth in the forecast period with a CAGR of 7.25% owing to rising infrastructure development and expansion of AAC production capacities.
AAC (Autoclaved Aerated Concrete) is a precast, lightweight foam concrete building material that can be used to make concrete masonry units such as blocks. Quartz sand, calcined gypsum, lime, cement, water, and aluminum powder make up the mixture. Structure, insulation, and fire and mold resistance are all provided by AAC. AAC products can be used for both indoor and outdoor construction, and they can be painted or coated with a plaster mix to protect them from the weather. Global Autoclaved Aerated Concrete Market is further classified on the basis of Product Type (Block, Lintel, Floor Elements, Roof Panel, Wall Panel, Cladding Panel, and Others)
Research & Development in Autoclaved Aerated Concrete Driving Market Growth
AAC in buildings primarily contributes to a more sustainable and energy-efficient built environment. To further reduce the built environment's carbon footprint, efforts are being made to investigate and produce upgraded AAC with improved decarbonization capabilities. One such study was carried out in Malaysia, where AAC was produced using recycled AAC instead of sand, encouraging a circular economy. Another noteworthy study was conducted by IIT Delhi, in which researchers created AAC using fly ash waste from thermal power plants. AAC is predicted to gain a solid foothold in the construction industry as a result of several research and advancements.
Expansion of AAC Production Capacities
With the numerous advantages of utilizing AAC over traditional fly ash bricks, such as thermal insulation, energy efficiency, acoustic insulation, and simplicity of application, the demand for AAC has been on the rise, particularly in the construction of residential and commercial structures. In industrialized countries, the usage of AAC is becoming more popular, boosting the green building revolution. As a result of the rising demand for AAC, producers have been forced to expand their manufacturing facilities. H+H International, for example, intends to increase its wall-building material production in Germany.
Booming Global Real Estate
Given the rising economic prospects in cities, the globe expects metropolitan areas to nearly double in size by 2050. The expansion of metropolitan regions signals the growth of the global real estate sector, which includes residential, educational, healthcare, retail, and office sectors. With the continued addition of spaces in the real estate sector and booming investments from both the government and the private sector, real estate is expected to grow even more, but with transformed construction practices to better suit the environmental sustainability and resilience required to sustain owing to various natural calamities that are likely to rise due to climate change and construction activities extending into calamity prone areas.
The Net Zero Carbon Buildings Commitment Aids in Market Growth
Urban areas now house about 55 percent of the world's population, resulting in roughly 70 percent of global carbon emissions from residential and commercial buildings, as well as diverse urban processes. Buildings account for approximately 40% of the total carbon emitted by cities. With the present population expected to double by 2050, the cities face the combined challenge of rapid urban infrastructure construction to handle the rising population while also providing residents with a sustainable and energy-efficient environment with a lower carbon footprint. Non-governmental organizations working on a global scale are enacting a variety of policies to achieve this.
The Global Autoclaved Aerated Concrete Market is segmented based on Product Type, End User, Application, Region, and by Company. Based on Product Type, the market is further fragmented into Block, Lintel, Floor Elements, Roof Panel, Wall Panel, Cladding Panel, and Others. Based on End User, the market is segmented into Residential, Commercial, Industrial, Infrastructure. Also, segmentation of the market on the basis of the Application is done into Construction Materials, Road Construction, Roof Insulation, Bridge Sub-Structure, Void Filling, and Others. The market analysis also studies the regional segmentation divided among North American region, Asia-Pacific region, European region, Middle East & African region, South American region. The North America autoclaved aerated concrete market stood at USD2.54 billion in the year 2021 and is projected to grow at a CAGR of 7.43% during the forecast period. North America comprises some of the most infrastructurally sound nations, such as the United States, Canada, and Mexico. Housing the global headquarters of most of the biggest multinational companies, the North American region will likely see a rapid rise in migration of professionals and students from other countries, boosting demand for commercial and residential infrastructure in the region.
Biltech Building Elements Limited, Xella International GmbH, CSR Limited, UAL Industries Limited, H+H International A/S, JK Lakshmi Cement Ltd., Mannok Holdings, Aercon AAC, Buildmate Projects Pvt Ltd., Eastland Building Materials Co., Ltd, Bauroc AS are among the major market players in the Global Autoclaved Aerated Concrete Market.
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